Bloomberg to write new book

Billionaire Mayor Michael Bloomberg is sharing what he has learned in business and government in a new book due out later this year, The Wall Street Journal reported Tuesday.

Bloomberg, who founded a multibillion dollar company and then became an internationally known mayor, is penning the book, titled "Do The Hard Things First (And Other Bloomberg Rules for Business and Politics)," to be published by Vanguard Press. It will be his second book after his 1997 autobiography, "Bloomberg by Bloomberg."

Bloomberg's wealth is estimated at more than $11 billion, a fortune he built after founding the financial information empire that bears his name. He stepped down from the company to run for mayor in 2001, but retains a 68 percent stake in the company.

The 66-year-old, who is in his second term, had been considering an independent run for president this year but said recently he had decided not to. The lifelong Democrat became a Republican for his mayoral run but last year became an independent.

Bloomberg will not get an advance for the book and is donating all royalties to the World Trade Center memorial foundation.